Over the past 5 trading days post the Friday morning October
2
nd 8:30 jobs report, investors with exposure to the energy sector
have been treated to a major rally.
As
seen in the graph below, the Energy Select Sector SPDR ETF (
XLE) has risen 14.5%
from $60.62 at the open on Friday to the closing price of $69.41 on Thursday.
Compared to the S&P 500 (SPX) (SPY) aggregate index,
which has posted a 4.5% gain over the same period, the out performance of the
energy sector is substantial, and worth taking a closer look at to understand
what is driving the significant divergence in the returns before diving into
just any energy stock at this point in time.
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